cynic69

Perfect Oil Storm Brewing in the U.S.

The demand for oil in the US is important but think about this. Hundreds of millions of drivers in Asia are paying 45 cents a gallon for subsidized gasoline. The demand for oil is not going to come down as long as this continues no matter what happens in the US.

Oil is a "declining resource" exactly like gold and the price of oil will continue to increase for the rest of time, just like the price of gold.

Time To Buy Oil?

If you do a google search for "Hubbert's Peak" you will learn that the price of oil will always go up because it is a dimishing resource and the possibility of a viable alternative is garbage. The event that could cause the price to stabilize is a world wide recession and chaos caused by lack of cheap energy.

Oil: Feed the Machine, America - You Have No Choice!

What a great blog! I think I know what may be a fly in dub's ointment. According to Hubbert's Peak, oil is going to start getting a lot scarcer (and more expensive). When it gets to about $90 a barrel its going to throw the world into recession (and chaos). At that point owning an automatic weapon will be more important than having your tank full. God save us.